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Spending-linked jitters keep major tech shares lower in the US session

CNBC World pointed to large spending increases from Alphabet and Tesla as a drag on investor sentiment during the day.

Reported · Written up by our desk · North America

CNBC World reported that heavyweights Alphabet and Tesla posted massive spending increases that left investors uneasy, contributing to a weaker tone for shares during the US trading session.

According to the outlet, the market reaction reflected disappointment with the spending picture coming from those companies.

The report said this pressure kept overall sentiment soft as traders weighed what the spending could mean for near-term expectations.

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